Florida Statute 617.0830 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 617
CORPORATIONS NOT FOR PROFIT

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F.S. 617.0830

617.0830 General standards for directors.—

(1) A director shall discharge his or her duties as a director, including his or her duties as a member of a committee:

(a) In good faith;

(b) With the care an ordinarily prudent person in a like position would exercise under similar circumstances; and

(2) In discharging his or her duties, a director may rely on information, opinions, reports, or statements, including financial statements and other financial data, if prepared or presented by:

(a) One or more officers or employees of the corporation whom the director reasonably believes to be reliable and competent in the matters presented;

(b) Legal counsel, public accountants, or other persons as to matters the director reasonably believes are within the persons’ professional or expert competence; or

(c) A committee of the board of directors of which he or she is not a member if the director reasonably believes the committee merits confidence.

(3) A director is not acting in good faith if he or she has knowledge concerning the matter in question that makes reliance otherwise permitted by subsection (2) unwarranted.

(4) A director is not liable for any action taken as a director, or any failure to take any action, if he or she performed the duties of his or her office in compliance with this section.

History.—s. 52, ch. 90-179; s. 90, ch. 97-102.

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Amendments to 617.0830

Arrestable Offenses / Crimes under Fla. Stat. 617.0830

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 617.0830.

Annotations, Discussions, Cases:

Cases Citing Statute 617.0830

Total Results: 2

Fox v. Professional Wrecker Operators of Florida, Inc.

Court: District Court of Appeal of Florida | Date Filed: 2001-11-30

Citation: 801 So. 2d 175, 2001 Fla. App. LEXIS 16954, 2001 WL 1516949

Snippet: Appellees As Directors of The Corporation Section 617.0830 sets forth the standards of performance required

State v. Justice

Court: District Court of Appeal of Florida | Date Filed: 1993-09-24

Citation: 624 So. 2d 402, 1993 WL 372169

Snippet: corporation's bylaws; however, in light of section 617.0830, Florida Statutes (Supp. 1990) (general standards